UBRD Offers Better Terms on Business Privilege Loan

UrBC, Yekaterinburg, March 30, 2016. The Ural Bank for Reconstruction & Development (UBRD) improved the terms of its Business Privilege loan, making it more affordable, the bank’s press service reports.

‘Loans are now available to any company, regardless of whether it is already our customer or not. All you have to do is submit your application on the bank’s website. The loan amount varies between 1 and 30 million rubles and must be repaid within five years’ time. The bank sets no restrictions on how the money will be spent: funds can be used as operating cash, invested in real estate, directed to production upgrades, or spent on new vehicles. The company only needs to be around for at least twelve months to be eligible to apply. Our customers are offered even more appealing terms on the loan,’ the press service says.

According to the bank representatives, these improved lending terms are expected to provide a solution to the businesses’ deferred demand for borrowed funds.